Comments
Godrej Properties has bought about 3-acre land parcel in Mumbai from DIC India Ltd for ₹153 crore. The company said in a statement that it has “entered into an agreement to purchase land in the upcoming & fast developing micro-market of Chandivali, Mumbai.”
This project will offer 0.45 million sq ft of saleable area primarily comprising residential apartments with a small amount of retail space. Separately, DIC India said in a regulatory filing that its board has approved the sale of land located at Chandivali. The consideration of this land parcel is up to ₹153 crore to be paid in three tranches, the filing added.
Earlier this month, Godrej Properties acquired nearly 27-acre land parcel in the national capital for ₹1,359 crore to develop luxury housing project.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.